Bond insurers MBIA and Assured Guaranty are under significant pressure thanks to their exposure to Puerto Rican debt.
A bond insurer sells insurance to owners of bonds, which serves as protection in the event of default.
Monday's selling has...

Companies that insure Detroit bonds and stand to lose millions repeated a pledge to aggressively challenge the city’s bankruptcy plan, a day after retirees endorsed pension cuts and qualified for a bailout led by the state. Syncora and Financial...

By Invesco:
By
Tim O'Reilly and Greg Rawls
After a long dry spell, we are starting to see renewed interest and growth in the insured municipal bond market. For investors, the promising outlook may be due to the recent...

The bankrupt city of Detroit reached a deal to divert some funds owed to bond insurers toward retiree pensions, according to a statement from Judge Gerald Rosen, who is acting as a mediator in the case. The deal, announced Wednesday, may push...

Detroit’s path through bankruptcy began to take shape on Dec. 17, with a second bond insurance firm ready to drop its objections to a controversial city financing plan, joining another bond insurer, bondholders and a committee of retired city...

NEW YORK (TheStreet) -- A Michigan judge's decision not to challenge the City of Detroit's petition to enter bankruptcy capped a banner day for bond insurers Ambac, MBIA and Assured Guaranty , according to BTIG analyst Mark Palmer.
Detroit's...